Entrepreneur Universe Bright Group Announces Audited Financial Results for Fiscal Year Ended December 31, 2024
Entrepreneur Universe Bright Group (EUBG) reported its audited financial results for FY2024, showing a 15.5% revenue decline to $5.27 million from $6.24 million in 2023. The decrease was primarily attributed to reduced revenue from a live streaming business client, partially offset by a $471,979 increase in other consultancy services.
The company's net income decreased 34.8% to $1.49 million in 2024 from $2.28 million in 2023. In September 2024, EUBG distributed a special cash dividend of $0.0013 per share, totaling approximately $2.2 million.
Operating through its Chinese subsidiary, Xi'an Yun Chuang Space Information Technology, EUBG provides digital marketing consulting services, focusing on brand visibility and sales performance enhancement through e-commerce platforms. The company plans to expand its services while addressing challenges including Chinese renminbi fluctuations and rising labor costs.
Entrepreneur Universe Bright Group (EUBG) ha riportato i risultati finanziari auditati per l'anno fiscale 2024, evidenziando un declino del fatturato del 15,5% a 5,27 milioni di dollari, rispetto ai 6,24 milioni del 2023. La diminuzione è stata principalmente attribuita a un calo delle entrate da un cliente del business di live streaming, parzialmente compensato da un aumento di 471.979 dollari in altri servizi di consulenza.
Il reddito netto dell'azienda è diminuito del 34,8% a 1,49 milioni di dollari nel 2024, rispetto ai 2,28 milioni del 2023. Nel settembre 2024, EUBG ha distribuito un dividendo speciale in contante di 0,0013 dollari per azione, per un totale di circa 2,2 milioni di dollari.
Operando attraverso la sua controllata cinese, Xi'an Yun Chuang Space Information Technology, EUBG fornisce servizi di consulenza in marketing digitale, concentrandosi sulla visibilità del marchio e sul miglioramento delle performance di vendita attraverso piattaforme di e-commerce. L'azienda prevede di espandere i propri servizi affrontando al contempo sfide come le fluttuazioni del renminbi cinese e l'aumento dei costi del lavoro.
Entrepreneur Universe Bright Group (EUBG) informó sus resultados financieros auditados para el año fiscal 2024, mostrando una disminución del 15.5% en los ingresos a 5.27 millones de dólares desde 6.24 millones en 2023. La disminución se atribuyó principalmente a la reducción de ingresos de un cliente del negocio de streaming en vivo, parcialmente compensada por un aumento de 471,979 dólares en otros servicios de consultoría.
El ingreso neto de la empresa disminuyó un 34.8% a 1.49 millones de dólares en 2024 desde 2.28 millones en 2023. En septiembre de 2024, EUBG distribuyó un dividendo especial en efectivo de 0.0013 dólares por acción, totalizando aproximadamente 2.2 millones de dólares.
Operando a través de su subsidiaria china, Xi'an Yun Chuang Space Information Technology, EUBG proporciona servicios de consultoría en marketing digital, enfocándose en la visibilidad de la marca y la mejora del rendimiento de ventas a través de plataformas de comercio electrónico. La empresa planea expandir sus servicios mientras enfrenta desafíos como las fluctuaciones del renminbi chino y el aumento de los costos laborales.
Entrepreneur Universe Bright Group (EUBG)는 2024 회계연도 감사 재무 결과를 보고하며, 15.5% 매출 감소를 기록하여 2023년 6.24백만 달러에서 5.27백만 달러로 줄어들었다고 발표했다. 감소는 주로 라이브 스트리밍 비즈니스 고객으로부터의 수익 감소에 기인하며, 다른 컨설팅 서비스에서 471,979달러의 증가로 부분적으로 상쇄되었다.
회사의 순이익은 34.8% 감소하여 2024년 1.49백만 달러에서 2023년 2.28백만 달러로 줄어들었다. 2024년 9월, EUBG는 주당 0.0013달러의 특별 현금 배당금을 분배하여 총 약 2.2백만 달러에 달했다.
EUBG는 중국 자회사인 시안 윈 창 우주 정보 기술을 통해 운영되며, 디지털 마케팅 컨설팅 서비스를 제공하고, 브랜드 가시성과 전자상거래 플랫폼을 통한 판매 성과 개선에 중점을 두고 있다. 회사는 중국 위안화의 변동과 증가하는 인건비와 같은 문제를 해결하면서 서비스를 확장할 계획이다.
Entrepreneur Universe Bright Group (EUBG) a publié ses résultats financiers audités pour l'exercice 2024, montrant une diminution du chiffre d'affaires de 15,5% à 5,27 millions de dollars contre 6,24 millions en 2023. La baisse a été principalement attribuée à une réduction des revenus d'un client du secteur du streaming en direct, partiellement compensée par une augmentation de 471 979 dollars dans d'autres services de conseil.
Le revenu net de l'entreprise a diminué de 34,8% pour atteindre 1,49 million de dollars en 2024 contre 2,28 millions en 2023. En septembre 2024, EUBG a distribué un dividende spécial en espèces de 0,0013 dollar par action, totalisant environ 2,2 millions de dollars.
Opérant par l'intermédiaire de sa filiale chinoise, Xi'an Yun Chuang Space Information Technology, EUBG fournit des services de conseil en marketing numérique, se concentrant sur la visibilité de la marque et l'amélioration des performances de vente via des plateformes de commerce électronique. L'entreprise prévoit d'élargir ses services tout en faisant face à des défis tels que les fluctuations du renminbi chinois et l'augmentation des coûts de main-d'œuvre.
Entrepreneur Universe Bright Group (EUBG) hat seine geprüften Finanzzahlen für das Geschäftsjahr 2024 veröffentlicht, die einen Rückgang des Umsatzes um 15,5% auf 5,27 Millionen Dollar im Vergleich zu 6,24 Millionen Dollar im Jahr 2023 zeigen. Der Rückgang wurde hauptsächlich auf reduzierte Einnahmen von einem Kunden im Bereich Live-Streaming zurückgeführt, teilweise ausgeglichen durch einen Anstieg von 471.979 Dollar in anderen Beratungsdiensten.
Der Reingewinn des Unternehmens sank um 34,8% auf 1,49 Millionen Dollar im Jahr 2024, verglichen mit 2,28 Millionen Dollar im Jahr 2023. Im September 2024 zahlte EUBG eine Sonderdividende von 0,0013 Dollar pro Aktie, was insgesamt etwa 2,2 Millionen Dollar ausmacht.
Durch seine chinesische Tochtergesellschaft, Xi'an Yun Chuang Space Information Technology, bietet EUBG digitale Marketingberatungsdienste an, die sich auf die Sichtbarkeit der Marke und die Verbesserung der Verkaufsleistung über E-Commerce-Plattformen konzentrieren. Das Unternehmen plant, seine Dienste zu erweitern und gleichzeitig Herausforderungen wie die Schwankungen des chinesischen Renminbi und steigende Arbeitskosten anzugehen.
- Maintained profitability with $1.49 million net income in 2024
- Distributed special cash dividend of $2.2 million to shareholders
- Successfully diversified revenue with $471,979 increase in other consultancy services
- Revenue declined 15.5% to $5.27 million in 2024
- Net income decreased 34.8% compared to 2023
- Significant revenue loss from live streaming business client
In August 2024, the Company declared a special cash dividend of
Financial Highlights
- Total Revenue:
$5.27 million 15.5% from$6.24 million $471,979 - Net Income:
$1.49 million 34.8% compared to$2.28 million - Cash Dividend: In September 2024, the Company paid a one-time special cash dividend of approximately
$2.2 million
Business and Market Update
EUBG operates primarily through its wholly-owned subsidiary in
Despite a decline in live-streaming business revenue, the Company mitigated associated risks by expanding other consultancy services.
Strategic Outlook
EUBG plans to further expand its digital marketing consultancy services, including brand positioning, omni-channel sales strategy development, and e-commerce traffic optimization.
Risks and Challenges
The Company acknowledges multiple operational risks, including fluctuations in the Chinese renminbi, rising labor costs, and other factors that may impose pressure on the Company's operations.
Management Commentary
Mr. Guolin Tao, CEO of EUBG, stated:
"Despite the challenging market environment in 2024, we maintained profitability by optimizing our business structure and controlling costs. Moving forward, we will continue to diversify our service offerings, and proactively address changes in the regulatory landscape."
About Entrepreneur Universe Bright Group
Entrepreneur Universe Bright Group is a
Safe Harbor Statement
This press release contains projections and "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 related to the Company's business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are not historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; future business development; financial condition and results of operations; product and service demand and acceptance; competition and pricing pressures; changes in technology; government regulations; fluctuations in economic and business conditions in
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SOURCE Entrepreneur Universe Bright Group
FAQ
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